12th Annual European High Yield Conference | afme

12th Annual European High Yield Conference

17 Oct 2017 etc venues St. Paul's, London

Agenda

To nominate a speaker, contact James Hodgson at james.hodgson@afme.eu or on +44 (0)20 3828 2695.

* please note this is a preliminary agenda and is subject to change

8:30

Registration and refreshments

9:15

Opening remarks and outlook for the European High Yield bond market

Speaker:
Gary Simmons, Managing Director, High Yield and Prime Services, AFME

9:30

Morning keynote session: US/EU regulatory policy outlook

  • continued evolution of Fed and EU lender guidelines
  • US vs EU High Yield markets
  • ECB Tapering
10:15

Panel discussion: Heads of European High Yield and Leverage Finance

Conversation with the industry leading heads of high yield and leveraged finance, discussing current market trends and expectations for 2018.

  • review of the European high yield market issuance and performance in 2017
  • effects of current and developing trends and practices in the industry
  • what are the key factors that will influence the market in 2018 and beyond
  • expectations and forecast for the coming year
11:00

Networking break

11:25

Regulation in European High Yield stream

Stream chair’s opening remarks

Why high yield? Issuers stream

Stream chair’s opening remarks

11:30

Panel discussion: Non-European listings of high yield bonds

  • why has the rise occurred?
  • pros and cons of non-EU listings
  • will the trend continue

Panel discussion: Issuers Roundtable

Conversation with first time and seasoned issuers to discuss experiences in the European high yield market, including completing a high yield bond transaction as well as living with high yield covenants.

12:15

Panel discussion: How will regulation effect European high yield?

  • MiFID II requirements, what challenges will new rules pose to European high-yield bond sales?
  • research requirements
  • potential implications of MAR for listing high yield bonds and market soundings
  • transparency and disclosure requirements
  • continued issues around password protection
  • how will FMSB standards impact European high yield markets going forward
  • what does increased regulation mean for issuers and investors

Panel discussion: Developments, trends and factors affecting issuance and maintenance of European high yield bonds

  • 2017 trends in high yield bond, covlite and term loan B issuance
  • experiences and expectations of issuers
  • are the pros of high yield issuance sufficiently promoted?
13:00

Networking lunch

14:00

High yield investors stream

Stream chair's opening remarks

Financing through high yield

Stream chair's opening remarks

14:05

Presentation: [Update on AFME investor initiatives]

Presentation: Outlook for M&A in Europe

14:25

Panel discussion: Transparency, covenants, disclosure and reporting 

Panel discussion: Heads of private equity: Current market considerations and outlook for next year

  • have term loan B’s replaced high yield bonds?
  • relative attractiveness of European vs. US high yield?
15:15

Networking break

15:45

Afternoon keynote: Brexit one year on, potential impact on European high yield an economist’s view

16:30

Panel discussion: High Yield Question Time – US vs. Europe: high yield markets comparisons and convergence

  • are European and US high yield still two distinct markets
  • will we continue to see investor and issuer crossover?
  • will markets continue to converge?
  • what policy changes could affect the markets going forward?
17:20

Closing remarks

Speaker:
Gary Simmons
, Managing Director, High Yield and Prime Services, AFME

 

17:30

Drinks reception